Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
Along with this letter please find a new advertisement, signed by a number of groups from across the political spectrum, supporting an easing of the current cap that Congress places on member business lending by credit unions. As conservatives and libertarians, we strongly commend it to your attention. As you may know, current regulations limit credit unions to lending 12.25 percent of total assets to businesses. Legislation currently pending before Congress would raise this cap to 27.5 percent of assets.